[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 57 KB, 565x425, 1557169214860.jpg [View same] [iqdb] [saucenao] [google]
13959673 No.13959673 [Reply] [Original]

I don't get it, people want 3x, 5x, 10x profits, why don't they just trade eth on leverage? ETH makes 1%-2% moves several times a day, on 50x leverage, there's your 100% profit in a few minutes. Plus, you have liquidity. So if you want to take larger positions, you can easily get in and out of your trades. Plus, you can short, which you can't do with most other shitcoins. Plus, your stack remains in BTC (at least on bitmex) so you don't get BTFO'd when bitcoin moons and alts inevitably take a shit. Plu, eth's price is tougher to manipulate, so you don't get mega-dumped on by some pajeet pump group. Can someone tell what the negatives are?

>> No.13959704

Honestly options are a safer bet imho, but this board likes to gamble and doesn't like to swing trade so they chalk it up to boomers (while holding link lmao)

>> No.13959741

>>13959704
do options have similar volatility?

>> No.13960055

>>13959673
>on 50x leverage, there's your 100% profit in a few minutes.

or losses very easy and fast.

Why are you wasting your time on us?
You can in 48 hours, earn all the money of the world.

>> No.13960092

>>13960055
>or losses very easy and fast.
that's true for all crypto

>> No.13960187

>>13960055
Op is fag. Leverage trading is trading with money you don't have. hmmm.. what could go wrong in a highly volatile emerging market with rigged casino exchanges like Bitmex.

>> No.13960201

Does anyone just long BTC or ETH with 2-5X and wait? I've never used leverage but wouldn't that be the safest and easiest way to do it unless you're expecting a dump of over like 20-30%

>> No.13960232

>>13960187
and other exchanges are 100% legit? Didn't binance just get caught faking volume as well?